Thinking Of Moving From Quickbooks Desktop To Quickbooks Online

Before making a decision to move from QuickBooks desktop to QuickBooks online you need to consider a number of things. You must look into your data security, accessibility and functionality. This is a decision that you need to think carefully before making. Put into consideration the type of business you are running.

Every business has different specific financial requirements that need to be kept under consideration. In case of a small business online freelancers and accountants would be the best option. It is important for one to put into consideration what works best. The following are the benefits you will enjoy by moving to the online version of QuickBooks.

Advantages of migrating to QuickBooks online. 

1. Convenience 

It is always frustrating when you forget feeding important data into your QuickBooks and you are far away from the desktop. The possibility of remembering this when you finally get a chance with the desktop is minimum. We’ll you don't have to worry about that anymore with QuickBooks online version you can work from anywhere at the comfort of your phone. You can easily handle all bookkeeping functions from payroll, bank reconciliation and other accounting functions easily.

2. Up to Date Functionality

The online version of QuickBooks is always up-to-date. You don't have to go through the hassle of downloading a newer version. Every time you log into your QuickBooks online you will always be using the latest version. Software update is instant and automatic.

3. Simplified Services

With an online version of QuickBooks all your financial services get taken care of. The online version handles bank reconciliation and takes care of receipts immediately an entry is made. This means you don't have to wait till you can reconcile your transaction. The online version does everything for you.

4. Monitoring Transaction’s

It gives the owners or the top management access to the financial transactions anytime. With this feature you can easily monitor the financial transactions on daily basis. This is actually a plus as you avoid funds misappropriation.

5. Automatic Data Update

By the click of a button data changes automatically in terms of supplies, customers, inventory and invoices. Whenever any person with access permission makes changes the QuickBooks online version updates immediately. 

6. Control Access

With the new feature in place you don't have to worry about your financial records falling to the wrong hands. QuickBooks online gives the administrator control over what your users can access. With this functionality you can actually limit every department to only data they need. Take an example of the stocks department who should only have access to the inventory data.

7. Online Payments

The enhanced new feature allows one to make payments online as you’re directly connected to the bank accounts. This also helps in monitoring your bank's transactions better. Every time you log into the system an automatic update on your bank available balance is visible on the home screen. The new online QuickBooks has better advantages. Choose the option for online accountants for contractors and freelancers to enjoy this and more advantages.

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